Bangladesh Bank Governor Dr Atiur Rahman urged the commercial banks to disburse credit for installing renewable energy projects in a bid to reduce country’s energy crises as well as generate employment.

Stressing on potentials of setting up renewable energy projects like bio-gas and power generation units from bio-gas, the governor urged the commercial banks to finance these initiatives.

He said BB has initiated a refinancing scheme with Tk 2 billion fund for the renewable energy sector.

Governor made the remarks while addressing a meeting organised by the Agriculture Credit Department of Bangladesh Bank (BB). The representatives of private sector and foreign commercial banks in the country attended the meeting at the BB conference room on Monday.

BB Executive Director SM Moniruaman presided over the meeting while General Manager of the Agriculture Credit Department, Nirmal Chandra Vakta, other senior officials of the department and representatives from the private commercial banks and foreign banks were present.

Khondoker Mojammel Haque, Managing Director of Enterprise Development Company Ltd (EDCL) and Monirul Islam, Vice President of Eastern Bank Ltd made power point presentation.

Mrinal Sarker, Programme Manager of IFC made a presentation on the occasion.

The Daily Sun/Bangladesh/ 6th March 2012